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The Fed Keeps Interest Rates Unchanged, BTC Regains $67K

Mary Liu

Summary: The Federal Reserve kept interest rates at a range of 5.25%-5.5% as expected. In addition, the dot plot also maintained expectations for three interest rate cuts this year, which eased investors' concerns that the Federal Reserve would take a more hawkish stance. The three major U.S. stock indexes collectively closed higher. The Dow initially closed ...

The Federal Reserve kept interest rates at a range of 5.25%-5.5% as expected. In addition, the dot plot also maintained expectations for three interest rate cuts this year, which eased investors' concerns that the Federal Reserve would take a more hawkish stance.

The three major U.S. stock indexes collectively closed higher. The Dow initially closed up 1.03%, the S&P 500 rose 0.89%, and the Nasdaq rose 1.25%, all setting new closing highs.

Bitcoin reversed higher from $60,793.60 earlier in the day, hitting an intraday high of $67,781, a daily gain of 8%.

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